AK&C Assists Tenaska in $450 Million Financing for Second California Solar Project
Abrahams Kaslow & Cassman LLP (Omaha, Nebraska, USA) assisted in the development and financing of the Tenaska Imperial Solar Energy Center West, a 150-megawatt (MW) photovoltaic solar electric generating plant to be constructed near El Centro, California. Approximately $450 million in commercial financing for the project closed on June 13, 2014. Construction on Tenaska Imperial West will commence later this year with commercial operation expected in 2016. Electricity from the plant has been sold to San Diego Gas & Electric Company under a 25-year power purchase agreement. First Solar, Inc. is the engineering, procurement and construction contractor for Tenaska Imperial West. The facility will use First Solar's advanced thin-film photovoltaic (PV) modules with single-axis tracking to follow the sun for greater power generation. This is the second utility-scale solar project in the region that Tenaska has developed with the assistance of AK&C. The lawyers involved in the negotiation and drafting of the engineering, procurement and construction agreements along with contracts for operation and maintenance of the plant were Randall C. Hanson, Nicolas T. Dafney, Jennifer L. Rattner and Kathryn A. Kotlik. John W. Herdzina and Thomas J. Malicki assisted Tenaska in closing the financing.
B2B Winner Again for 2014!
Thank you Omaha for voting Abrahams Kaslow & Cassman LLP Best of B2B Winner again in 2014 for best law firm! That is four years and counting!